Mexico-headquartered blank checks issuer makes U.S. market debut

By John Filar Atwood A company headquartered in Mexico had not completed an IPO in U.S. markets since 2013 before the offering by Opes Acquisition last week. The blank checks company, which is headquartered in Mexico City, will seek to acquire a business based in Mexico. Opes was one of two blank checks companies that debuted last week. Tiberius Acquisition, which operates out of Louisiana, raised $150 million to pursue a target in the middle-market insurance sector. China’s Senmiao Technology also went public in a $12 million offering that is the year’s second smallest IPO. Following the deal, 29 percent of the year’s IPOs are accounted for by non-U.S. companies. Zscaler made its public market debut one month after publicly registering. As of mid-March, 2018’s IPO companies are averaging 64 days in public registration. Arcus Biosciences completed a $120 million offering last week, bringing the number of 2018 pharmaceutical preparations deals to nine.…

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